Vanguard Morningstar Mid-Cap Value ETF
$203.96+0.80 (+0.39%)
- 0.05%
- $39.0B
- +22.3%
- 1.91%
- 0.3M sh
- $203.19
- low $168.76high $211.07
The ETF.net VOE Grade
A
Score 76 out of 100
- 5 of 40
Score 76 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A86 out of 100Rank 5 of 40Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 5 of 37Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B62 out of 100Rank 13 of 39Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 20 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 16 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 3 of 40
Our read on VOE
AThe value aisle is stacked with large-cap funds. VOE works the middle of the market instead: roughly 190 mid-cap US value stocks, picked by CRSP's five-factor cheapness screen, at five basis points.
The fund seeks to track the CRSP US Mid Cap Value Index through passive, full replication of its U.S. mid-cap value equity holdings and remains fully invested.
Why people hold it
- Five basis points a year, against a cohort median of 0.18%. Under a third of what the typical US value ETF charges.
- Mid-cap value is the slot most value funds skip. The other heavyweights on this shelf (VTV, SCHV, IUSV) fish mainly in large caps.
- Full replication: it buys the index outright rather than sampling it, and has tracked that index very closely.workplace.vanguard.com
- Trading since 2006 and now a multi-billion-dollar fund, run as an ETF share class of Vanguard's mid-cap value index fund.workplace.vanguard.com
Worth knowing
- Mid-caps swing wider than large caps, so this is the bumpier seat among the value ETFs it sits beside, most of which lean large.
- CRSP scores stocks on both value and growth and can split a name across the two, so some holdings also appear in the mid-cap growth index.crsp.com
- The screen is price-based (book, earnings, dividends and sales to price), not quality. Cheap-looking cyclicals come with the territory.crsp.com
VOE Holdings
- Stocks
- 176
- 14%
- MPC
Sectors
- Financials18.9%
- Energy14.1%
- Industrials13.3%
- Utilities11.2%
- Technology8.3%
- Health Care7.8%
- Consumer Staples7.7%
- Materials5.8%
- Consumer Discretionary5.8%
- Real Estate5.6%
- Communication1.6%
Geography
- United States100.00%
VOE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
VOE$12,232
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | VOE |
|---|---|
| Year to date | +16.3% |
| 1 month | −0.6% |
| 3 months | +1.4% |
| 1 year | +22.3% |
| 3 years | +18.7% |
| 5 years | +9.7% |
| 10 years | +10.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VOE |
|---|---|---|
| 2026 YTD | +16.3% | |
| 2025 | +12.1% | |
| 2024 | +14.0% | |
| 2023 | +9.9% | |
| 2022 | −8.0% | |
| 2021 | +28.8% | |
| 2020 | +2.6% |
VOE in the news
Category Review
US multifactor funds ran 30 points apart
VOE Dividends
- 1.91%
- $3.88
- $1.03 per share
- Quarterly
Distribution history
VOE Risk
- 13.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.92
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.76
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
VOE Cost
0.05%
VOE0.05%
- The middle half of US Value Index funds
- Median 0.20%
4 of the 40 US Value Index funds charge less.
Other funds in US Value Index
- AIUSViShares Core S&P U.S. Value ETFExpense ratio 0.04%1 year return +17.4%
- AIWDiShares Russell 1000 Value ETFExpense ratio 0.18%1 year return +29.7%
- AVLUState Street SPDR S&P 1500 Value Tilt ETFExpense ratio 0.12%1 year return +25.4%
- AISCViShares Morningstar Small Cap Value ETFExpense ratio 0.06%1 year return +19.7%
- AVTWVVanguard Russell 2000 Value ETFExpense ratio 0.06%1 year return +24.8%